74626 Lavender Way
About This Property
At the heart of the home is a designer kitchen outfitted with premium Viking appliances-elegant yet functional, ideal for both relaxed mornings and elevated entertaining. Natural light pours through brand-new windows and sliding glass doors, while newly remodeled showers and a brand-new A/C unit enhance everyday comfort.
Outside, a private oasis awaits: a 52-foot lap pool, a stunning 40'x25' smart-controlled designer pool, and a 10-person spa anchor the showstopping outdoor experience. A putting green, citrus trees, and lush hedging frame the grounds, while multiple dining and lounge areas-complete with a pizza oven, bar seating, and two LED TVs-set the tone for unforgettable gatherings. A striking 70-foot mural by celebrated artist Steven Van Art adds a one-of-a-kind Coachella-inspired backdrop.
Previously a successful high-end vacation rental favored by celebrities, athletes, and musicians, this estate offers an extraordinary opportunity-whether as a full-time residence, seasonal escape, or investment.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 5, 2026 | Sold | ||
| Sold | |||
| Nov 23, 2025 | In contract | - | |
| In contract | |||
| Aug 5, 2025 | Listed by Bayside | $1,299,000 | |
| Listed by Bayside | |||
| Apr 21, 2025 | Listed | $1,299,000 | |
| Listed | |||
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Welcome to this exceptional and upgraded residence located in one of Palm Desert's most sought-after neighborhoods. Situated on an expansive 10,454 square foot lot, this beautifully reimagined home offers the perfect blend of privacy, luxury, and resort-style living. Thoughtfully designed with high-end finishes and modern comforts. The gourmet kitchen has been completely remodeled with premium Viking appliances, offering a sleek, chef-ready space perfect for both everyday living and entertaining. The home features a brand new A/C unit, remodeled showers, new sliding glass doors, and all-new windows that fill the interior with natural light and create seamless indoor-outdoor flow. Outside you will find a private desert oasis that truly sets this home apart. A 52-foot lap pool provides the ideal setting for exercise and relaxation, while a 40-foot by 25-foot designer pool complete with smart controls creates a show stopping focal point for gatherings. A spacious spa accommodates up to 10 guests, and a professionally installed putting green, surrounded by citrus trees and manicured hedges, adds a playful touch to the serene courtyard entrance. The outdoor space is designed for entertaining, featuring multiple covered lounge and dining areas, a pizza oven and sink with bar seating, and two mounted LED TVs. Adding to the unique charm of the backyard is a striking 70-foot mural by renowned local artist Steven Van Art, giving the home a distinctive Coachella-inspired flair. Previously operated as a highly successful luxury vacation rental, this property has hosted celebrities, athletes, and musicians alike. Whether you're seeking a primary residence, a seasonal retreat, or an income-generating investment, this remarkable Palm Desert home offers unparalleled style, comfort, and sophistication.
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| Apr 6, 2021 | Sold | ||
| Sold | |||
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017